Reported about 12 hours ago
Hadrian, an automated manufacturing startup, has raised $260 million to enhance its production capabilities for aerospace and defense parts. The funding will support the construction of a new facility in Arizona and expand its headquarters in California. The company's approach focuses on modernizing U.S. manufacturing through advanced automation, aiming to produce high-precision parts more quickly and efficiently, while also diversifying into various manufacturing processes. Hadrian's business model includes offering dedicated facilities for clients to secure factory capacity as part of its 'factories as a service' strategy.
Source: YAHOO